S&P Futures Down 9, As Gold Kneejerks Over $1890

Nothing surprising in the premarket action with ES open for trading despite Labor Day, down about 9 points at its worst, following weekend concerns of yet another European apocalypse. Elsewhere, gold is enjoying the fact that the only bearish downside is potentially a technically overbought formation and is surging right off the bat passing $1890 on the kneejerk then reconfirming slowly. As a reminder, a nervous Japan arrives on the scene in 2 hours, followed by an insolvent Europe, and no US-based HFT available to rescue the world tomorrow.

I am not sure why gold has to stop at parity with the DOW. After all if you look at the chart there are what? Three data points? I am not so sure that makes a great resistance over let's say a 500 year chart. Maybe the once in 500 year event is going to occurr now rather than 200 years from now.

surrounded by a hundred miles of families in 1200 square foot homes all packed together like sardines? I am beginning to think that Rajat may have a point with that morphine thingy he is talking about.

And there'd be plenty of cheap fuel to truck it to your doorstep, and how about water? Gonna truck that too? What a narrow minded fool. A 1200 SF house is not the only thing needed to live. But please give it a try, it'll keep you out of my hair. Don't forget your TV.

There are too many people for the elite to feel comfortable with. So they spread this line of thinking and coupled with earth worship, they have the crowds you are talking about actively advocating the position that over 75% of the earth's population need to be exterminated, the rest to live in mud huts (sustainability, right?) and the rich "enlightened elite" to manage the population can live in glittering cities with perfectly efficient green technology.

Don't worry though, these shit ideas come and go. Arrogance is the inherent flaw of corruption. This zeitgeist will pass as so many others, when the weight of their flalwed schemes come tumbling down on themselves.

But really, why don't you fight for your family. You don't need to save humanity, just your little ones and your spouse. The basic necessities of life are not too difficult to get, depending on your location. Get next to a lake. You live in a teepee (tent) drink the water, eat the fish. Humans have been doing this for 80,000 years.

We fill every niche until we can't and then we have a population crash. Why mourn our innate nature? We have 7 billion lives dependent upon an unsustainable system, some will die. Same issue, different scale, different century.

This is a true statement. Most people in the US are continuing on about their lives as if none of this is happening. They're not prepared for what could possibly happen. Which will make the aftermath just that much worse. It is uncommon to find an American who can comprehend the implications of an economic collapse. Most people here just go to their daily jobs, kiss their kids goodnight and wake up the next morning just to play out the same game over again. Very few people here are prepared for the calamity and upheval that will follow from decades of flawed economic policy. PhD's made the policies and now everyone else will have to pay for them with blood.

A common theme, consider: “Just as it was in the days of Noah, so also will it be in the days of the Son of Man.People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them all.

“It was the same in the days of Lot. People were eating and drinking, buying and selling, planting and building.But the day Lot left Sodom, fire and sulfur rained down from heaven and destroyed them all.

Yeah you don't have much faith in your children's and wife's ability to survive a standard economic collapse. It ain't that big a deal, seriously. A few people starve, many go hungry. Most of you peasants will work like a dog for people like me. It won't be that bad. If you want to off yourself go for it, but let other's decide for themselves

That is no reason to contemplate violence against yourself and especially your unsuspecting family. Humans have survived ice ages, volcanoes, global warming, world wars, famine, floods, great depressions, hyperinflation, politicians, Hitler, and extinction level asteroid impacts and we are still here! We are survivors. Do you actually think a banking meltdown or some kind of Mad Max event is going to be the end of the world as we know it? I seriously hope that's your idea of sarcasm, otherwise get serious. I wonder how our grandparents survived all those years without modern technology, cell phones, and ATM's? Leave the family out of the equation. Enough said.

The idea you would joke about killing your "LOVED" ones illustrates how sick and morally devoid people have become. I can't even imagine the thought. Is your life really that empty that without the material world you will curl up and die? I horrified, but not surprised.

You are a bag of chemicals like me. You are not responsible for feeling these things like me, but you are definitely responsible for succumbing to them. We all fell like you do. However, we all balance those feelings with other feelings, and you obviously don't have enough counterfeelings and thoughts to give wisdom to your impulses. You need to widen your perspective.

"All those disliking this thought, need to realise the vulnerability of their families, their children to the Chaos that will engulf this country"

Yeah, and they'd be much better off dead. Fuck you too, buddy.

If it wasn't for my kids, I wouldn't even be reading this site. I'd just be getting wasted and chasing tail, oblivious to whatever else was going on.

But be that as it may, the kids are asleep in their rooms, and I'm trying to figure out how to turn them into badasses that can fight for the world they've got, not the world I wish they could have had.

Yes it is a bit much. In fact, it's the coward's way out. We are on the threshold of some very dark days in the US, and during those dark days, the true patriots will shine ... the people who believe in the ideals upon which the US was founded and are willing to sacrifices their lives for that ideal. It is a shame that we have people who are so weak that they would simply kill themselves and their families instead of facing an actual challenge. I, for one, will be here in the aftermath. I want to create a better nation. Screw the people who would rather commit suicide. Let them do it .. the US (and the world) will be a better place without them.

Suicide is always an option but...if you have any interest in the world of money then you have to want to know how this plays out...!!!! You have a front row seat for the greatest game ever played at the absolute pinacle of the sport....common' don't you want to see which ideolgy wins out? I just got interested about a year and a half ago...all my life before that I bought and held....then I realized that a hundred years of money warfare would be decided in my lifetime. I now watch like a rabid football fan when their team is in the finals for the first time ever. The lies, the idiocy, the gamesmanship.... politcians played by bankers, bankers hounded by justice....this is just too good to miss. Get prepared, make sure you come out ahead...then grab the beverage of your choice and tune in....your grandkids will want to know what part you played in the Great Unraveling.

Man I totally agree. Muddle through or unravel. 20 year soft depression with 5 percent inflation or immediate collapse or a little bit of both it doesn't matter. This is the greatest show on earth and zero hedge is a front row seat. Make your donations to zero hedge so the stadium stays open.

Well said. It has been a very long trek for me, but I am finally being vindicated and the family members who were so smug are now humbled in their market losses. There is going to be a whole lot of crow eating before this is over. I never accepted the public's view of investing and now they are reaping the harvest of ignorance. I will enjoy the turn of history that fate has blessed me to experience. I have taken precautions and don't fear what happens. I can't prevent fate, so I will take what is dealt. This is the biggest event in human history and I am here to see it. Life is absolutely wonderful, even the epic bad parts which crop up from time to time. I feel like Woody Harelson on the tip of the volcano in 2012, it's all good.

I've been lucky enough to have a fiancee who supports whatever decisions I make, even when she isn't sure it's the right thing at the time, so no dissent in my household, and we're doing just fine. Now that things are coming more into focus, she's glad she let me make the calls.

But there's still no fun in being right, when being right means that everyone else is suffering. There are some folks I work with that I tried to warn, and they didn't listen. Makes me sick when I see how they are being skinned, especially the ones with some years on them, who are watching everything they worked for siphoned away and are facing a retirement in poverty.

No winners in this one, boys- just people who lose a little less than others.

Oh, I can't argue with that. Not one family member has gold but me. I tried, so my conscience is clear. I'm not going to worry about the inevitable. I was barraged with doom and gloom as a kid, and led to believe I would never be able to afford a home (25% interest rates) and that nuclear winter would end all life on Earth. I refuse to listen anymore. Population booms and crashes are written into our DNA, so why worry? You only get one life, and it is as good (or bad) as you demand.

It's disturbing that people say stuff like this. Can't tell if this guy is going to off his family in the next five minutes or not and don't want to take it lightly or he's just venting. Either way, it is a sign of desperation that comes from an identity tied to stuff in stead of what matters.

Maybe I'll split that rare steak with ganja butter and a bottle of Barolo with you one of these days.

That would be unwise, even if stated as a jest. The future always threatens horrors, and yet, great things are made possible by bad things that happen today. Some of the survivors of Rome fled into the wilds and founded a village deep within a swamp, land they chose because they figured nobody would ever want such poor land. That village became Venice, one of the most powerful cities in the history of mankind. Nome of the founders ever thought that village would surpass Rome, but it did.

Maybe you can't face founding a city that changes a world because you don't have the courage to face losing it all. In that case, muster the courage to walk away, or at least to put a pistol in your mouth. You'd be surprised how well your loved ones will do in your absence. It is ok to dispair every once in a while, but it is the height of arrogance to assume you know exactly how this will play out, and believe it is better to end your loved ones lives than to let them face an uncertain future, which has been everyone's fate since the beginning of the species.

All is well. We are a warrior race. We will fight and die and fight again. It is in our blood. Lack of energy, water, food, you name it, won't change that. We live to build, and fight, and discover, and eat, and make babies. That's who we are. Don't overthink life.

Human minds can be overcome with the inevitable. People have killed themselves and their kids because they knew the end of the world was inevitable. That's a bad motivation. The end of the world is painless. Why not live your life and laugh at the end of the world, it's always further away than you think. The "upcoming upheaal" is guaranteed to be unlike what you expect. I promise. Rather than turn the intellect that brought you here against your family to bring them closure, why not employ it to explore what actually happens? You might find you are miles ahead of your neighbors. You might find you like a world that is freed from the old rules more to your liking than the world that led you to type that you were going to end it all when the ponzi scheme came to an end.

Life is good. A very bad person just mistook my beloved great dane for the neighbor's and chased him down our 1/4 mile driveway and ran him down. He is an evil bastard, but I am sitting here with my new great dane puppy and building a new happy life. It is what it is. You can take up arms against what cannot be prevented, but you are missling the point of life. You are given x amount of years in whatever context it happens to be, make the best of it. Don't turn the gift of knowing what is to come into a curse, make a wonderful life for yourself and your family.

If I knew the world was to end tomorror, I would take my son to a major league baseball game and let him give the Yankees the finger. That's living. Of course, I love my son more than myself and more than what I think. I respect him more as a person than to try to determine when and how his life will end. I hope you feel the same.

Grandpa used to tell me that it didn't matter if you got knocked down a hundred times, as long as you got up a hundred and one times, and I tell my kids the same thing.

In a slightly more amusing version, I had a buddy some years back who had been married four times, and was only in his late 20's. When I asked him when he was going to learn his lesson, he replied "Never- I'm just going to keep doing it until I get it right."

If one is an unfeeling central banker looking to create a more viable system, we would probably seek to lower Western standards of living while raising Asia's standard of living. This would make for a more balanced system in the future. Oops! Asia seems to be encouraging their citizens to hold gold and the Fed and ECB seem to be discouraging us to hold gold. Probably a coincidence (wink)

Yes, it is a slow motion car crash, and I can't criticize you for criticizing that which is indefensible. I'm surprised you got 6 junks. It must be your delivery because most of your posts are either insightful comments on what is happening or obvious attempts to incite a fight. I'll take the good with the bad monkey.

Hmmm, I doubt extreme fireworks will happen before US opens on Tuesday.

Some downside yes, but US markets are leading Europe and not the other way round. I think it is going to be a non-event. Europe will hold its breath awaiting further instructions coming Tuesday. Maybe they will even juice the markets once again on the upcoming All-in bet on American infrastructure announced by the big Zero on Thursday.

It will be all, jobs, jobs, jobs and more promises everything will get better.

Agreed, August was a big woopie cushion, and Sept. will be a much more real event. Still, I don't think the real ugliness will happen until Oct. The Fed doesn't have as many tools as they boast about, but the ones they can't discuss are very effective against the market.